Detroit Bureau on Twitter

Posts Tagged ‘BMW Group’

BMW Earnings Beat Forecast

Maker anticipates big jump in sales and earnings for full year.

by on Aug.05, 2014

BMW is counting on a wave of new products, such as this M4 Convertible, to help bolster sales and earnings for the rest of 2014.

BMW’s net earnings jumped more than 27% during the second quarter, and the German maker confirmed its earlier forecast of a big jump in sales and profits for all of 2014.

The largest of the luxury car manufacturers, BMW earned 1.77 billion Euros for the April-June period, or $2.38 billion, up from 1.39 billion Euros a year ago. The automaker sold 5.3% more vehicles through its BMW, Rolls-Royce and Mini brands, a total of 533,187 cars and crossovers.

Global Perspective!

But revenues didn’t quite keep pace, climbing a more modest 1.8%, to 19.9 billion Euros. The strong Euro didn’t help. And BMW has been ramping up spending in a market that is demanding more high-tech features, and solutions to demands for better fuel economy and lower emissions, it said. (more…)

BMW Group Sets Sales Record for Third Quarter

Sales for first nine months also reach new highs.

by on Nov.06, 2013

The BMW Group reported record sales for the third quarter despite challenging times in Europe.

The BMW Group income increased 3.2% during the third quarter as its unit sales jumped more than 10% despite the challenging and volatile business conditions, prevailing across Europe.

“Reported figures for both the third quarter and the nine-month period have developed positively despite the higher level of expenditure on new technologies and a challenging market environment in Europe. We have recorded best-ever worldwide sales volume figures to date and remain within our targeted margin range for the Automotive segment,” said Norbert Reithofer, chairman of the Board of Management of BMW AG.

Performing for You!

Based on its strong performance in the first nine months of the year, the BMW Group also reaffirmed its outlook for the current year, Reithofer said. (more…)

Sneak Peak: The BMW Group at Frankfurt 2009

The BMW Group for the first time displays all three of its brands in one place.

by on Jul.31, 2009

BMW Frankfurt Display 2009

Visitors will be seeing the vehicles in motion during the Frankfurt show.

When the BMW Group for the first time displays all three of its brands under one roof the Frankfurt Motor Show opens this September, the BMW Group for the first time displays all three of its brands under one roof in Hall 11.

The highlight of BMW’s 2009 motor show presentation is a circuit of several hundred meters length that encloses the entire exhibition space and on which the BMW fleet and several world premieres will be presented. Visitors will be seeing the vehicles in motion during the show.

The news at the BMW stand will be on the world premieres of two hybrid vehicles, BMW ActiveHybrid 7 and ActiveHybrid X6, as well as on the world premieres of the BMW 5 Series Gran Turismo and the BMW X1. A concept car is also promised.

In 2003, 2005 and 2007, the BMW brand presented itself in a Cubist building on the so-called Agora while MINI and Rolls-Royce Motor Cars were located in different halls. Presenting the three brands so close to each other this year will allow BMW Group to stage various corporate initiatives.

(more…)